India is reportedly looking to ban cryptocurrencies

India is reportedly looking to ban cryptocurrencies

The Indian government is once again looking to ban cryptocurrencies and regulate official digital currencies. According to a report, the government has kickstarted inter-ministerial consultations on a draft bill. Sources reveal that several departments within the government have backed the notion of enforcing a complete ban on the ’sale, purchase, and issuance of all types of cryptocurrency’.

Simone
Simone
I Am Grug
I Am Grug 1 year

This is because PewDiePie uses crypto isn’t it?

Observer
Observer 1 year

Yea let’s keep our citizens chained to our currency and not be a part of the future.

GG WP
GG WP 1 year

That is absurdly idiotic. Come to think... Very much in line with all Indian economic policies. And they may just vote in the same ones that have almost completely fruucked the country already. You go, India, you go!

Anon BH
Anon BH 1 year

You can't stop progress. Nothing stops progress.

Andrew 1010
Andrew 1010 1 year

The fuck India?

Manuel
Manuel 1 year

🔪🐄

Twofoldness
Twofoldness 1 year

could explain the drop the past few days🤮

Albert van Zyl
Albert van Zyl 1 year

Politicians really don't understand how the internet works.

Rocky LeBlanc
Rocky LeBlanc 1 year

Seems like a response to China's attempts to control crypto values and by extension becoming the "federal reserve" of the world by centralized control of the supply of crypto currencies. China currently owns well over 40% of Bitcoin and several other crytocurrencies according to marketcap research. They are extending that market share daily as corporate and government sponsored mining farms take more and more control away from individuals to set the value of these currencies. Sadly governments and corporations have found the weak link on the supply side of crypto and have killed to great intentions of block chain. A new solution is necessary to stop full corporate takeover or disallow ASIC mining equipment to bring the mining back under the control of the masses. I fear it is too late for Bitcoin as the amount of coin left to mine is to small of a percentage to wrestle back control from China.

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